Covalis Capital LLP Takes Position in General Electric (NYSE:GE)

Covalis Capital LLP acquired a new position in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,471 shares of the conglomerate's stock, valued at approximately $913,000.

Several other large investors have also recently bought and sold shares of GE. Johnson & White Wealth Management LLC acquired a new position in shares of General Electric during the fourth quarter valued at $733,000. Chung Wu Investment Group LLC acquired a new stake in shares of General Electric during the 4th quarter worth approximately $795,000. National Bank of Canada FI raised its stake in shares of General Electric by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock worth $177,535,000 after buying an additional 29,844 shares during the last quarter. World Investment Advisors LLC boosted its stake in General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after acquiring an additional 5,162 shares during the last quarter. Finally, National Pension Service grew its holdings in General Electric by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock worth $376,051,000 after acquiring an additional 37,884 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Performance

Shares of NYSE GE traded down $0.57 during trading hours on Friday, reaching $181.88. 4,927,432 shares of the stock were exchanged, compared to its average volume of 5,436,847. The stock's fifty day simple moving average is $196.12 and its 200 day simple moving average is $186.52. The firm has a market capitalization of $195.21 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.59 and a beta of 1.04. General Electric has a 52 week low of $148.83 and a 52 week high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is 24.04%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America raised their price target on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. UBS Group increased their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Citigroup decreased their target price on shares of General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.